70318--3/9/2006--TENET_HEALTHCARE_CORP

related topics
{regulation, government, change}
{loss, insurance, financial}
{competitive, industry, competition}
{loan, real, estate}
{financial, litigation, operation}
{personnel, key, retain}
{debt, indebtedness, cash}
{cost, contract, operation}
{cost, regulation, environmental}
If managed care payers reduce the payments we receive as reimbursement for the health care services we provide, or if we have difficulty collecting from managed care payers, our revenues could be adversely affected. Changes in the Medicare and Medicaid programs or other government health care programs could have an adverse effect on our business. The ultimate resolution of claims, lawsuits and investigations could adversely affect our financial position. Our business continues to be adversely affected by a high volume of uninsured patients. We operate in a highly competitive industry, and competition is one reason for our recent declines in patient volumes. Our business and financial position could be harmed if we are not able to attract and retain employees, physicians and other health care professionals, and our costs continue to be adversely affected by the shortage of nurses. Our licensed hospital beds are heavily concentrated in Florida, California and Texas, which makes us sensitive to economic, regulatory, environmental and other developments in those states. Our business and financial results could be harmed by violations of existing regulations or compliance with new or changed regulations. The cost and future availability of insurance, as well as insurance policy limits, may have an adverse effect on our operations. Trends affecting our actual or anticipated results may lead to charges that would adversely affect our results of operations. Our substantial leverage could have a significant effect on our operations.

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